First Trust Advisors LP Buys 19,764 Shares of Unisys Co. (UIS)

First Trust Advisors LP lifted its stake in Unisys Co. (NYSE:UIS) by 34.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,520 shares of the information technology services provider’s stock after buying an additional 19,764 shares during the quarter. First Trust Advisors LP’s holdings in Unisys were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning bought a new position in shares of Unisys in the second quarter worth about $140,000. Aperio Group LLC bought a new stake in Unisys during the 2nd quarter valued at approximately $167,000. State of Alaska Department of Revenue bought a new stake in Unisys during the 3rd quarter valued at approximately $342,000. Paloma Partners Management Co bought a new stake in Unisys during the 2nd quarter valued at approximately $268,000. Finally, Louisiana State Employees Retirement System bought a new stake in Unisys during the 3rd quarter valued at approximately $459,000.

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Several analysts recently issued reports on UIS shares. ValuEngine raised Unisys from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research downgraded Unisys from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.33.

Shares of UIS opened at $12.92 on Thursday. The company has a market cap of $689.85 million, a P/E ratio of 5.34 and a beta of 1.42. Unisys Co. has a 12-month low of $7.47 and a 12-month high of $20.95.

Unisys (NYSE:UIS) last issued its earnings results on Thursday, November 8th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $688.30 million for the quarter, compared to the consensus estimate of $669.60 million. Unisys had a net margin of 3.62% and a negative return on equity of 15.39%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. On average, equities analysts forecast that Unisys Co. will post 1.64 earnings per share for the current fiscal year.

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